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Earnings Per Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
The following table sets forth the computation of earnings (loss) per common share and earnings (loss) per common share - assuming dilution:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2012
 
2011
 
2012
 
2011
 
 
(Dollars in thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income (loss) - numerator for earnings per common share
 
$
(7,829
)
 
$
(13,068
)
 
$
21,401

 
$
36,549

Interest on convertible subordinated debentures (net of income tax benefit)
 
2

 
258

 
517

 
775

Numerator for earnings (loss) per common share - assuming dilution
 
$
(7,827
)
 
$
(12,810
)
 
$
21,918

 
$
37,324

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares outstanding (1)
 
62,504,421

 
59,595,846

 
60,722,625

 
59,428,844

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Convertible subordinated debentures
 
65,688

 
2,727,084

 
1,801,211

 
2,727,084

Convertible senior notes
 
2,145,940

 
—

 
2,145,940

 
—

Stock options and deferred compensation agreements
 
545,877

 
375,497

 
562,309

 
627,347

Denominator for earnings (loss) per common share - assuming dilution
 
65,261,926

 
62,698,427

 
65,232,085

 
62,783,275

 
 
 
 
 
 
 
 
 
Earnings (loss) per common share
 
$
(0.13
)
 
$
(0.22
)
 
$
0.35

 
$
0.62

Earnings (loss) per common share - assuming dilution
 
$
(0.13
)
 
$
(0.22
)
 
$
0.34

 
$
0.59


_____________________________
(1)
Weighted average common shares outstanding include shares vested under the NMO Deferred Compensation Plan and exclude unallocated shares held by the ESOP.
Options to purchase shares of our common stock that were outstanding during the respective periods indicated but were not included in the computation of diluted earnings (loss) per share because the options' exercise price was greater than the average market price of the common shares are as follows:
Period
 
Number of
Shares
 
Range of
Exercise Prices
 
 
 
 
Minimum
 
Maximum
Three months ended September 30, 2012
 
1,498,100

 
$11.88
 
$14.34
Nine months ended September 30, 2012
 
1,502,100

 
$11.35
 
$14.34
Three months ended September 30, 2011
 
2,296,600

 
$10.65
 
$14.34
Nine months ended September 30, 2011
 
2,296,600

 
$10.65
 
$14.34